There are two main count ideas out there, the first is that this is the conclusion of main wave'1..and now we 'somehow' rally for a few weeks, before a major wave'3 lower in mid June. The other idea is that we'll just keep falling to the low 1200s. From a chart perspective, the latter theory seems more likely - although I'm still looking for some kind of bounce.
Sp'60min
Vix'60min
Summary
I can't be short here, and the 60min cycle is too low to re-short, so I'm going to sit it out across the weekend.
More after the close*
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*there are SO many bearish sell signals triggering today across the monthly charts, I really not sure what to cover in this weekends posts!